• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
dnh_logo_feher2dnh_logo_feher2dnh_logo_feher2dnh_logo_feher2
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
  • Financial Times: The French will put an end to the Putin-Orbán nuclear friendship?

  • Wizz Air will launch new flight to Budapest

Support us
András Balogh András Balogh · 11/10/2021
· Society

The Hungarian government has made another offer to buy Budapest airport

air Airport Budapest Budapest Airport Hungarian government Hungary

The owners of Budapest Airport are thinking of starting formal negotiations with the Hungarian government. The owners of the airport have received a new offer from the Hungarian government, according to the latest information.

According to a Bloomberg report, a government-led consortium made a new offer to buy a majority stake in the airport. The exact bid rate is not known; however, you can assume that

the offer received at the end of September is higher than before but still does not reach market value.

The previous offer arrived in July and was immediately rejected by the owners of Budapest Airport as it was considered too low. The airport is operated by German-based airport management company AviAlliance. Neither they nor the Hungarian Ministry of Innovation and Technology, which is negotiating  on behalf of the Hungarian government, commented on the events.

Based on information received from those familiar with the case, Bloomberg believes airport owners could set the terms for starting formal negotiations next week.

Hungarian passport ranked top 10 in the world

The Hungarian government wants to complete the purchase of the airport by the end of the year.

The finalisation of the deal is supposedly so urgent due to next year’s parliamentary elections, writes portfolio.hu. The owners of Budapest Airport have previously ruled out the possibility of selling the airport. However, they fear that the Hungarian government will make it impossible for the airport to operate through state retaliation. The foreign paper mentions that the Hungarian government recently delayed a request submitted in the summer to reopen one of the hub’s terminals.

The owners of Budapest Airport would like to know the identities of the other members of the consortium. An important aspect is that the customer group has the financial potential and technical expertise to purchase and operate the airport. The airport reported a loss of €110 million last year due to the coronavirus pandemic. However, they hope that by 2023, operations and revenue will return to pre-COVID-19 levels.

wizz air summer
Read alsoWizz Air announces expansion of Budapest network with exotic destinations

Source: Bloomberg, portfolio.hu

air Airport Budapest Budapest Airport Hungarian government Hungary
Share
András Balogh
András Balogh

1 Comment

  1. Sally says:
    12/10/2021 at 11:06

    Have a good look at who are the big shots in the Hungarian consortium. Then cross reference them with senior figures in the Hungarian Government. It’s not rocket science to work out which families stand to make a lot of money…..

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • What happened today in Hungary? – 25 March, 2023
  • Swiss wolf still on the loose in Hungary
  • What does ChatGPT think of Hungary?
  • British QS listed Hungarian university among the world’s best
  • What happened? Reese Witherspoon divorcing from her Hungarian husband
  • Hungary will introduce obligatory conscription again? The President answered
  • Financial Times: The French will put an end to the Putin-Orbán nuclear friendship?
  • Government proud of brotherhood between Hungarians, Kazakhs, Kipchaks

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
Daily News Hungary
Manage Cookie Consent
Like all websites, Daily News Hungary uses cookies to provide you with a more pleasant experience when you visit our Website. Because we are committed to keeping your information secure, this Notice explains exactly what cookies we use, for what purposes, under what conditions and for how long.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}